Originally Posted by
Jetjok
I've been wrong before, and could be this time also, but my understanding is that when a guy turns 59, the $25K goes into his Health Reimbursement Account, to be used when he retires. If said pilot continues to work, those monies are untouchable until retirement and then they can be used for all the things specified, such as health care, premiums, drugs, etc. In the meantime, I'm still contributing, at the same rate as all other pilots, to the overall fund. As well, this fund will be available to everyone else, who meets the criteria (Age 53 and service requirements) when they turn 59, or am I missing something.
So, am I getting "something" from this fund? Not that I can tell. Will I get something from it? Maybe, if I live long enough to retire and then use it.
JJ you have 25K in an account with your name on it. If you die tomorrow (Heaven Forbid) it is part of your estate. That is getting something from VEBA. Those of us not of the same age as the Negotiating Commitee did not get this.